Reuters Daily Investor Update: March 30, 2017

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Thursday, March 30, 2017

Wall Street rises, aided by U.S. growth data; Nasdaq ends at record

(Reuters) - Wall Street gained on Thursday, led by financial shares, after data showed U.S. economic growth was stronger than previously reported last quarter, helped by robust consumer spending, and the tech-heavy Nasdaq set a record closing high.

Uber settles with Pennsylvania regulator following record fine

(Reuters) - Uber Technologies Inc has reached a settlement with Pennsylvania's taxi regulator to end the ride-sharing company's appeal of a record $11.4 million fine for operating illegally.

FCC to vote to reform $45 billion business data market

WASHINGTON (Reuters) - The Republican head of the Federal Communications Commission on Thursday proposed easing regulatory requirements in the $45 billion business data services market, a win for companies like AT&T Inc, CenturyLink Inc, Verizon Communications Inc and others.

Lululemon shares plummet after disappointing sales forecast

(Reuters) - Shares of Lululemon Athletica Inc were set for their biggest one-day percentage loss in more than eight years on Thursday, after the Canadian yogawear apparel maker warned that first-quarter sales would fall.

Quebec minister sees public issue in Bombardier's executive pay rises

MONTREAL/QUEBEC CITY (Reuters) - Bombardier Inc should consider its decision to award top executives pay rises of up to 50 percent in light of a public backlash at a time when the company has laid off thousands of employees, Quebec's economy minister said on Thursday.

European governments to maintain Airbus penalties on A400M: source

MADRID (Reuters) - European governments buying the A400M military transport aircraft have agreed to maintain the penalties incurred by the manufacturer, Airbus , for production delays, a source with knowledge of the talks in Madrid said on Thursday.

FCC to reverse rules on TV station purchases

WASHINGTON (Reuters) - The U.S. Federal Communications Commission said on Thursday it will vote in April to reverse a 2016 rule adopted by the Obama administration that limits the number of television stations some companies can buy.

McDonald's Quarter Pounders to be made with fresh beef

(Reuters) - Fast food giant McDonald's Corp said on Thursday it would make its popular "Quarter Pounder" hamburgers with fresh beef, prepared when ordered, by mid-2018 in most of its U.S. restaurants.

U.S. judge clears Toshiba's Westinghouse to tap bankruptcy loan

(Reuters) - A U.S. bankruptcy judge on Thursday cleared Westinghouse Electric Co, a unit of Japan's Toshiba Corp , to borrow an initial $350 million to support the company's global operations while it restructures operations.

Anthem likely to pull back from Obamacare markets in 2018: Jefferies

(Reuters) - Anthem Inc is likely to exit from a large portion of its Obamacare individual insurance markets next year, Jefferies analysts said, nearly a week after Republican leaders pulled legislation to overhaul the U.S. healthcare system.

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